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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private ...
Over 700,000 state employees, retirees and their family get their health care through the State Health Plan. NC Reality Check is an N&O series holding those in power accountable and shining a ...
North Carolina State University Chancellor Randy Woodson declared his retirement plans at the university's trustees meeting Thursday, capping off nearly 15 years in his role. His term will ...
Dobson, a former House member from McDowell County, said in May he hopes the House’s budget proposal of 7.5% raises over two years for state employees is the “starting point.” He supports ...
Public employee pension plans in the United States; 401(k) 403(b) - Similar to the 401(k), but for educational, religious, public healthcare, or non-profit workers; 401(a) and 457 plans - For employees of state and local governments and certain tax-exempt entities
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
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